Paychex, Inc. (NASDAQ:PAYX) CEO Martin Mucci sold 29,786 shares of Paychex stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $63.17, for a total value of $1,881,581.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Martin Mucci also recently made the following trade(s):

  • On Thursday, July 13th, Martin Mucci sold 30,000 shares of Paychex stock. The shares were sold at an average price of $57.04, for a total value of $1,711,200.00.

Paychex, Inc. (NASDAQ PAYX) opened at 64.42 on Friday. The company has a market cap of $23.15 billion, a PE ratio of 28.63 and a beta of 0.98. The company’s 50-day moving average price is $59.20 and its 200-day moving average price is $58.30. Paychex, Inc. has a 12-month low of $52.78 and a 12-month high of $64.44.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Tuesday, October 3rd. The business services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $816.80 million during the quarter, compared to analyst estimates of $816.34 million. Paychex had a net margin of 26.01% and a return on equity of 43.01%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Equities analysts anticipate that Paychex, Inc. will post $2.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.00 annualized dividend and a yield of 3.10%. Paychex’s dividend payout ratio (DPR) is 87.34%.

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Several research firms have issued reports on PAYX. J P Morgan Chase & Co reissued a “neutral” rating and issued a $60.00 price target (down previously from $62.00) on shares of Paychex in a research note on Friday, June 30th. Goldman Sachs Group, Inc. (The) downgraded Paychex from a “buy” rating to a “neutral” rating and dropped their price target for the company from $68.00 to $64.00 in a research note on Tuesday, June 20th. Morgan Stanley dropped their price target on Paychex from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, June 30th. Robert W. Baird dropped their price target on Paychex from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, June 30th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $61.00 price target on shares of Paychex in a research note on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $60.07.

A number of large investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. increased its stake in Paychex by 0.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,796 shares of the business services provider’s stock valued at $102,000 after buying an additional 11 shares during the last quarter. Bruderman Asset Management LLC increased its stake in Paychex by 0.3% in the 1st quarter. Bruderman Asset Management LLC now owns 6,794 shares of the business services provider’s stock valued at $400,000 after buying an additional 20 shares during the last quarter. Alps Advisors Inc. increased its stake in Paychex by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,685 shares of the business services provider’s stock valued at $438,000 after buying an additional 20 shares during the last quarter. Northwest Quadrant Wealth Management LLC increased its stake in Paychex by 0.6% in the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 3,923 shares of the business services provider’s stock valued at $228,000 after buying an additional 24 shares during the last quarter. Finally, King Wealth Management Group LLC increased its stake in Paychex by 0.8% in the 1st quarter. King Wealth Management Group LLC now owns 3,793 shares of the business services provider’s stock valued at $223,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Paychex Company Profile

Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.

Insider Buying and Selling by Quarter for Paychex (NASDAQ:PAYX)

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